jueves, 7 de septiembre de 2017

Tanzania kicks off probe into Petra Diamonds contract, orders officials to resign

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Mining News Digest
Friday 8 September 2017
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President John Magufuli has asked for a review of a local contract belonging to Petra Diamonds and ordered senior officials to resign over the outcome of a probe into the diamond and tanzanite sector.

Metal's status as hedge burnished on Thursday.

Once Banfora is up and running, it would take the company's annual gold output to between 300,000 and 350,000 ounces.

Spreading sunshine.

Mining Development sub-secretary expects exploration activities to rise by 2 per cent in 2017

Gold miners in Western Australia state are being hit with an increase in royalty payments under measures released on Thursday that are designed to return the one-time "economic engine of a nation" to fiscal health via revenue from the mining sector.

Cuba has begun to shut down its nickel industry in preparation for Hurricane Irma, state-run television said on Thursday.

The London Metal Exchange sought on Thursday to win back trading volumes by proposing a cut in fees for trades crucial to its physical user base as rivals gear up to offer alternatives.

Official figures released on Thursday signall a bad start for the second half of the year with business confidence at its lowest in more than three decades.

According to the World Coal Association, India will need to ally with countries including the US, Japan, and Australia, to get cheaper funding from multilateral development banks to access cleaner technology.

Steelmakers have accused the four countries of dumping the steel used in construction and machinery so the European Commission, the trade policy watchdog, had set out plans to levy tariffs of up to 33 percent.

MGX Minerals says it is possible to get lithium from oil-extraction wastewater in just a few days

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